Snap (SNAP) Interest Expense : $-21 Mil (TTM As of Sep. 2024)

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What is Snap Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snap's interest expense for the three months ended in Sep. 2024 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-21 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Snap's Operating Income for the three months ended in Sep. 2024 was $ -173 Mil. Snap's Interest Expense for the three months ended in Sep. 2024 was $ -6 Mil. Snap did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Snap Interest Expense Historical Data

The historical data trend for Snap's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Snap Interest Expense Chart

Snap Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.99

-97.23

-17.68

-21.46

-22.02

Snap Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-5.52	-5.28	-4.74	-5.11	-5.88

Snap Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21 Mil.

Snap (NYSE:SNAP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Snap's Interest Expense for the three months ended in Sep. 2024 was $-6 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-173 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4,183 Mil.

Snap's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Snap did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Snap Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SNAP:Mexico 1SNAP:Italy 1SId:UK 1SI:Germany SNAP:Austria SNAP:Argentina

Address

3000 31st Street, Santa Monica, CA, USA, 90405

Website

https://www.snap.com

Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.

Executives

Michael J. O'sullivan	officer: General Counsel	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Eric Young	officer: SVP of Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Rebecca Morrow	officer: CAO and Controller	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Joanna Coles	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Robert C. Murphy	director, officer: Chief Technology Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Evan Spiegel	director, officer: Chief Executive Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Derek Andersen	officer: Chief Financial Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Elizabeth Jenkins	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael Lynton	director	2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Jerry James Hunter	officer: Senior VP, Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Patrick Spence	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Poppy Thorpe	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jeremi Gorman	officer: Chief Business Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Fidel Vargas	director	3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405
Jared Grusd	officer: Chief Strategy Officer	C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405